LAS VEGAS–(BUSINESS WIRE)–$AGREE #617000_sq_foot_data_center—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), is pleased to announce that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) has successfully completed unit testing on critical infrastructure components necessary to meet the power demands of high-performance computing (“HPC”) and artificial intelligence (“AI”) applications.

Sentinum is now fully prepared to deploy and provide support for enterprise-class servers and storage devices through its subsidiary, Alliance Cloud Services, LLC. These services will be delivered from Sentinum’s state-of-the-art data center, located within a 617,000 square foot facility on a 34.5 acre site in southern Michigan. Positioned strategically near power production sites, the Michigan data center has a current capacity of approximately 28MWs of power that is energy efficient, with the potential for future upgrades to reach approximately 300MWs.

William B. Horne, Chief Executive Officer of Ault Alliance, expressed, “This marks another crucial step in our strategy to diversify the offerings available through our Michigan data center. While Bitcoin mining remains a core focus for Sentinum, our adaptability positions us to seize growth opportunities within the broader data center market.”

Sentinum’s goals includes further expansion into non-mining data center services through systematic, success-driven investments in additional infrastructure and computing equipment. This expansion would be expected to support the rapid growth of HPC and AI use cases. Sentinum plans to work with third parties to include various hardware components from suppliers like Nvidia and AMD in computing configurations capable of addressing multiple HPC and AI infrastructure requirements.

Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We aim to provide a range of service options tailored to our customers’ needs, rather than a singular, one-size-fits-all solution.” Additionally, Sentinum plans to offer colocation and hosting services to enterprise clients and large-scale cloud service providers (often referred to as “hyperscalers”) with significant power density needs.

Sentinum has not entered into agreements to expand the power capacity at the Michigan data center. The ability to expand is subject to several factors including, but not limited to, its ability to acquire financing on acceptable terms, the ability of Sentinum to expand the facility’s infrastructure, entering into the service delivery agreement with the power company as well as purchasing and installing transformers, step-down units, switches, and cables.

For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com.

Contacts

Ault Alliance Investor Contact:IR@Ault.com or 1-888-753-2235

According to CoinCarp Fundraising, Last week (02.20–02.26) 43 projects announced fundraising rounds.

#Web3

Towns($25.50M) | Towns is a web3 communication platform for online communities that offers a complete system for community builders — with participation from Andreessen Horowitz(#a16z ), Benchmark, Framework Ventures

Beldex($25.00M) | Beldex is a private Web3 ecosystem building decentralized privacy-preserving applications that help protect user data and identity online — with participation from DWF Labs

Kratos($20.00M) | Kratos is the IP owner of the worlds largest gaming DAO — IndiGG — with participation from Accel, Courtside Ventures, Nazara Technologies, Nexus Venture Partners, Prosus Ventures

Azra Games($10.00M) | Azra Games is a blockchain games company aimed at building mainstream collectible and combat RPGs for the Web3 era — with participation from Andreessen Horowitz(a16z), Andreessen Horowitz(a16z), Coinbase Ventures, Coinbase Ventures, Franklin Templeton Investments, Franklin Templeton Investments, Gabby Dizon, Justin Kan, NFX, NFX, Play Ventures, Play Ventures, Roham Gharegozlou

Polyhedra Network($10.00M) | Polyhedra Network is building the next generation of infrastructure for Web3 interoperability, scalability, and privacy through advanced Zero-knowledge proof (ZKP) technology — with participation from Animoca Brands, Binance Labs, dao5, Polychain Capital

Sentio($6.40M) | Sentio is a web3 observability platform that provides modern monitoring, alerting and log management for decentralized applications as an integrated and hosted experience — with participation from Canonical Crypto, Essence Venture Capital, GSR Ventures, Hashkey Capital, Lightspeed Venture Partners

Strider($5.50M) | Strider is building a platform that allows communities to create stories and worlds together — with participation from 1kx, Decasonic, Fabric Ventures, Jaynti Kanani, Jeffrey Zirlin, Magic Eden, Makers Fund, Scalar Capital, Sfermion, Sfermion, Shima Capital, Yield Guild Games

iBLOXX($5.00M) | Founded in 2019, iBLOXX is an algorithmic trading and asset management firm offering both traditional and innovative investment strategies to investors seeking to achieve satisfactory returns along with effective management of market volatility. — with participation from PrimeXM

Lifeform($5.00M) | Lifeform is dedicated to enriching the virtual avatar application ecosystem via virtual human technology — with participation from Another World, Binance Labs, DHVC, Foresight Ventures, GeekCartel, K24 Ventures, KuCoin Labs, SevenX Ventures

Gateway.fm($4.60M) | GatewayFM is the first truly decentralized blockchain infra/node provider — with participation from CMT Digital, Fantom Foundation, Lemniscap, The LAO, Unstoppable Domain Ventures, Very Early Ventures

3RM($3.00M) | 3RM is a sales infrastructure for the decentralized internet — with participation from 3SE Holdings, Big Brain Holdings, Distributed Global, Metareal, Shima Capital

PaprMeme($3.00M) | paprMEME is an NFT lending protocol powered by Uniswap V3 — with participation from Coinbase Ventures

Unikbase($2.12M) | Unikbase was formed in 2022 by professionals of the collectibles & fashion retail, logistics, technology, cybersecurity and blockchain spaces, with the aim of making the utilities of digital twins accessible to all. — with participation from Weber Investissements

Intu($2.00M) | Intu is a decentralized protocol that enables shared ownership of digital assets using locally encrypted shares and any EVM-compatible chain — with participation from CoinFund, Fantom Foundation, Kitefin, MetaWeb Ventures, Orrick

Polybase($2.00M) | Polybase was founded last year by Gandhi and Calum Moore — with participation from 6th Man Ventures, Alumni Ventures Group, CMT Digital, NGC Ventures, OrangeDAO, Protocol Labs

Chainmonsters($1.50M) | Chainmonsters is a massive multiplayer online RPG where you catch, battle, trade, explore, and combine different types of monsters and abilities to create strong chain reactions! Fuse the elements together to defeat your opponents

DE Star($0.70M) | DE Star is a web3 fashion starup, aims to make fashion more democratic and decentralised through its design, production, distribution, and ownership

KEKKAI($0.37M) | In 2022, the annual crypto fraud damage amounted to 490 billion yen, and while the market expanded, many users lost their assets — with participation from Skyland Ventures

HDLabs($80,000) | HDLabs is a global blockchain technology company providing solutions for developers, startups, enterprises, and government — with participation from Iskra

Blocto(undisclosed) | Blocto (portto) is a blockchain technology company dedicated in making blockchain simple so everyone can use it without hassle — with participation from 500 Global, Alameda Research, IPX (LINE Friends), Mark Cuban, Quantstamp, Richard Ma

Wonder Strategic International (WSI)($$-) | Wonder Strategic International is the holding group of Wonder Paradise Pte Ltd — with participation from AOR Global, Cryphus Capital, TNF Ventures

EthSign(undisclosed) | EthSign is built upon Web3 infrastructure that has just become mature over the past few years: Decentralized Identity, smart contract platforms and decentralized storage networks. — with participation from Ahmed Al-Balaghi, Alex Shin, Alumni Ventures Group, Amber Group, Aniket Jindal, Animoca Brands, Balaji Srinivasan, Circle Ventures, DiscusFish, Draper Associates, Folius Ventures, GBV Capital, Goodwater Capital, Hack VC, Hash Global, Hashkey Capital, imToken Ventures, Infinity Ventures Crypto, IOSG Ventures, Jaeson Ma, Li Ning, Liang Xin jun, Mask Network, Matrixport, Mirana Ventures, Miss Bitcoin, Next Web Capital, NGC Ventures, Sandeep Nailwal, Sequoia Capital, Shima Capital, Sidney Powell, Synaps, Tegan Kline, Tekin Salimi, Tess Ventures, Thomas Vu, y2z Ventures

#DeFi

Huma Finance($8.30M) | Huma is an open protocol for building next-gen decentralized risk and lending solutions backed by income and receivables. — with participation from Circle Ventures, Distributed Global, ParaFi Capital, Race Capital, Robot Ventures

Factor($7.60M) | Factor is a DeFi infrastructure that provides strategists, builders, and market participants with the building blocks to launch new markets

TipLink($6.00M) | TipLink is a lightweight wallet designed to make transferring digital assets as easy as sending a link — with participation from Circle Ventures, Multicoin Capital, Paxos, Sarah Guo, Sequoia Capital, Solana Ventures, Vinny Lingham

Affine($5.10M) | Affine is a decentralized protocol and cross-chain investment and savings app that allows users to invest in multiple assets, including yield-generating DeFi protocols, all at once. — with participation from AlphaLab Capital, Circle Ventures, Coinbase Ventures, Hack VC, Jump Crypto, The Spartan Group

Renegade($3.40M) | Renegade is an on-chain dark pool. In contrast to other non-custodial decentralized exchanges, Renegade maintains complete anonymity during the entire lifecycle of a trade — with participation from Balaji Srinivasan, Dragonfly Capital, Lev Livnev, Lily Liu, Marc Bhargava, Naval Ravikant, Tarun Chitra

Tsunami Finance($1.30M) | Tsunami Finance, a futures and spot trading platform that is building on Aptos and has been running its community tests on the Aptos Testnet network. — with participation from 0xSoju, Aptos Monkeys, Big Brain Holdings, Brilliance Ventures, Builder Capital, Coral DeFi, HedgeLabs, Marin Digital Ventures, Mirana Ventures, Pontem, RandRCapital, Switchboard, Time Research, ZetaMarkets

Ammalgam($0.75M) | Ammalgam unleashes more DeFi by combining lending and trading into one protocol — with participation from Anton Bukov, Kain Warwick

#NFTs

Worldwide Webb($10.00M) | Worldwide Webb is a browser-based MMORPG set in a futuristic world where players can use their own avatars from other games and brand IPs — with participation from Pantera Capital

Broadway Exchange($2.00M) | The Broadway Exchange works with theatrical partners to create digital collectibles, based on their intellectual property, and offer them for sale in its marketplace, where they can be bought, traded, and shared by fans — with participation from No Guarantees

Awaken($0.50M) | Awaken is a story-driven NFT Project led by a couple of young artists in Japan, creating new content to introduce more Web2 Artists to join Web3 space — with participation from TopoStation

#Infrastructure

Chain Reaction($70.00M) | Chain Reaction is an Israeli startup that is designing semiconductors and related architecture to use in blockchain and privacy hardware running cryptographic processes — with participation from Atreides Management, BlueRun Ventures, Exor Seeds, Hanaco Ventures, Jerusalem Venture Partners, KCK, Morgan Creek Digital

Chaos Labs($20.00M) | Chaos Labs is the first automated, on-chain economic security system enabling crypto protocols to optimize risk management and capital efficiency while protecting user funds — with participation from Balaji Srinivasan, Bessemer Venture Partners, Coinbase Ventures, Galaxy Digital, Hashkey Capital, Lightspeed Venture Partners, Naval Ravikant, PayPal Ventures, Uniswap

Others

Sabre56($35.00M) | Sabre56 is a company that consults miners on the development and operations of facilities

Arbitrove($14.02M) | Arbitrove Protocol is a yield-bearing index and strategy vault protocol natively built on the Arbitrum network, with its first index ALP being a basket of selected blue-chip tokens such as GMX, MAGIC, and GRAIL, designed to generate yield for users.

Kaito($5.30M) | Kaito AI is an AI-powered search engine for crypto that seeks to democratize information in crypto — with participation from AlphaLab Capital, Dragonfly Capital, Jane Street Capital, Mirana Ventures, Sequoia Capital

Superchain($4.00M) | Superchain is the Open Index Protocol, setting a new standard for the speed, quality, and delivery of on-chain data — with participation from Blockchain Capital, Fasanara Capital, KR1, Maven 11 Capital, Tokonomy

Curio($2.90M) | Curio is an on-chain RTS game, it stores all game logic and state changes on the blockchain, replacing the traditional game server — with participation from Bain Capital Crypto, Formless Capital, Robot Ventures, Smrti Lab, TCG Crypto

Den($2.80M) | Den provides a self-custodial, multi-signature wallet for onchain organizations — with participation from Balaji Srinivasan, Gnosis, IDEO Colab Ventures, Lemniscap, Not Boring Capital, Packy McCormick, Portal Ventures, Spice Capital

eTEU(undisclosed) | eTEU eliminates the need to draft trade documents needed for shipping processes one by one — with participation from Jenson Funding Partners, Joao Monteiro, Larix Equity, Pinto Ventures

OneKey(undisclosed) | OneKey is the smartest way to secure, buy, exchange and grow your crypto assets — with participation from Coinbase Ventures, Dragonfly Capital, Ethereal Ventures, Folius Ventures, Framework Ventures, IOSG Ventures, Ribbit Capital, Sky9 Capital

Unbanked(undisclosed) | Unbanked is a global fintech solution built on blockchain — with participation from KingsCrowd

Of the above items, 51.16% of the projects are Web3 projects. The total funding amount last week is $330.75M, a 53.57% increase compared to the previous week. Among all, the biggest funding round is Chain Reaction, which has raised $70.00M.

Source: https://www.coincarp.com/fundraising/